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173 Spring Street

173 Spring Street, Newton, NJ 07860
Commercial in Sussex
173 Spring Street has been categorized by the local assessors in Newton, NJ as a commercial type of property. The building on the property was first built in 1880 and is 144 years old. The building has a total of 3 stories. In addition, 173 Spring Street has 10,356 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,097 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. The exterior walls of the building are made of brick. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 173 Spring Street was last sold in Dec 9, 2019 for $700,000. According to our calculations, that's $67.59 per sqft. Current property owners are expected to pay $8,655 in taxes per year. The property on 173 Spring Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $192,600. To break that down further, the land itself was valued at $92,600. While improvements to the property were assessed at a total of $100,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Block Exterior
Brick Exterior
Vinyl Siding
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180306
03/06/2018
Studio
-
13000 ft²
-
bedrooms
Studio
bathrooms
-
square feet
13000 ft²
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Bedroom Count: 0
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Floor Count: 3
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,097
  • Total Building Area: 10,356
  • Gross Building Area: 10,356
  • Building Area: 10,356
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 10,356
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Land Acres: 0.117
  • Standard Land Use Code: Commercial (general)

Ownership

  • Current Owner : MERGER GROUP LLC
  • Previous Owner : PIERSON JEAN I
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Newton Town School District
  • Census Tract: 373800

Zoning

  • Zoning: T-6

Geography

  • Account Number: 00009726
  • District: 15
  • Parcel: 15 00008- 04-00009
  • Block: 8.04
  • Lot: 9
  • Municipality: NEWTON TOWN
  • Latitude: 41.0574
  • Longitude: -74.7507

    Address

  • Full Address: 173 Spring St
  • Address - House Number: 173
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Newton
  • Carrier Code: C004
  • 4-Digit Zip Code: 2010
  • Zip Code: 07860

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,655

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $525,000
  • First Open Lien Mortgage Lender: BRUNSWICK BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: Dec 16, 2019
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $525,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Dec 16, 2049

    Market Valuation

  • Market Total Value: $192,600
  • Market Land Value: $92,600
  • Market Improvement Value: $100,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $192,600
  • Assessed Land Value: $92,600
  • Assessed Improvements Value: $100,000

    Sales

  • Current Sale Contract Date: Dec 09, 2019
  • Current Sale Recording Date: Dec 16, 2019
  • Current Sale Transaction ID: 11713198891
  • Current Sale Price: $700,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20190216010250800

    Last Sale Mortgage

  • First Mortgage Lender: BRUNSWICK BANK & TRUST CO
  • First Mortgage Transaction Date: Dec 16, 2019
  • First Mortgage Loan Amount: $525,000
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

About Newton



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 173 Spring Street located in?
The 173 Spring Street is a commercial located in the neighborhood of Sussex in Newton, Newton.
What is the average sales price for listings in 173 Spring Street?
The average sales price for units in 173 Spring Street is $0 currently.

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